Paxos Trust Company launched PAX Gold, the first crypto-asset redeemable for physical gold today.
Originally, Satoshi Nakamoto intended Bitcoin to act as a hedge against the greed and incompetence of central bankers, which he saw as central to most of the economic woes of his time. Remember, of course, that Bitcoin was created during the aftermath of the 2008 housing crisis market meltdown.
We discussed exchanges and what role they pay in the cryptocurrency investment ecosystem in last week’s Deciphering Cryptocurrency. Next up is wallets and security.
We’ll be focusing on cryptocurrency 101 for the next few weeks, and specifically how to get involved and what due diligence looks like for the cryptocurrency investor.
Blockchain Foundry (BCFN.C) entered into the first first phase of a blockchain development and marketing agreement with blockchain-based real estate lending firm Noteblock today.